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FXA0 – RSI Crossing 50 plus ATR ver1.2.mq4

by Dr.Hamdi Boukamcha
Name:
FXA0 – RSI Crossing 50 plus ATR ver1.2.mq4
Author: neta1o (2007.07.13 16:35)
Rating: 26
Downloaded: 20895
Download:
FXA0 - RSI Crossing 50 plus ATR ver1.2.mq4   FXA0 – RSI Crossing 50 plus ATR ver1.2.mq4 (6.9 Kb) View
FXA0 - RSI Crossing 50 plus ATR ver1.2.mq4   FXA0 – RSI Crossing 50 plus ATR ver1.mq4 (6.8 Kb) View
This is my first indicator 🙂

Here’s how you use it. Just drop it on the chart, preferably a H1 or H4 chart, if you go up to a daily or down
below the H1 you will need to adjust the RSI and ATR values.

The indicator will give you blue arrows for long positions and red for short positions.

FXA0 - RSI Crossing 50 plus ATR ver1.2.mq4

Here’s what you will see.

1) Blue arrows for long (going up) Red arrows for short (going down)
2) Two horizontal lines for most current position (one line for the entry and one for the stop)
3) If you put in the order and the entry is executed look for a second blue or red arrow and add to that position when
the arrow occurs.
4) Close one lot at the green check box, close the next at the opposite colored arrow.

If you ever get a blue/red arrow opposite of your entry close all orders in that direction and look for orders in opposite direction.

Here is the Jamie Saettele article in summary.
http://www.traders.com/Documentation/FEEDbk_docs/Archive/082006/ForexFocus/FOREXfocus.html

-Enjoy

13 comments: 1 2   To post a new comment, please log in or register

HELLO TRADERS,

DOES ANYONE KNOW WHAT RSI AND ATR SETTINGS SHOULD BE USED ON EUR-USD 5, 15 AND 30 MIN CHART?

BEST REGARDS,

ALF

12.01.2011 22:26 ALIENLIFEFORM

I really like this indicator.  What are the best RSI and ATR values for using this with D1 chart?
06.08.2008 13:45 2217

i love this indicator but i need to ask you how do i code it into ea please email me at [email protected]
29.03.2008 22:09 segun9090

Could you please show how to call this indicator by using iCustom. i try many way but it is allway return a o value to me [email protected]

thanks

03.10.2007 04:38 myfuture2025

Could you add a sound alert i need it please ?
09.08.2007 18:39 CJA

Hi, would you be able to code this indicator into an EA? I appreciate if you can contact me at [email protected].
28.07.2007 08:56 ljeffrey2000

Could you write an alert sound to code when the arrow appear?
19.07.2007 12:37 little_guru

neta1o wrote:
The idea behind the original article that I designed this EA after is that it is a midterm trading strategy. Not many trades but usually 200+ pip moves. The entry is not an instant
execution. You will have to put in a limit order.

I thought so. because the entrylines are always above/below the close of the action-bar. This is really a way to see strength, weakness in the market.

Thomas Bopp

17.07.2007 09:12 Zyklusanalyst

The idea behind the original article that I designed this EA after is that it is a midterm trading strategy. Not many trades but usually 200+ pip moves. The entry is not an instant
execution. You will have to put in a limit order.
17.07.2007 00:57 neta1o

Well, the long/short-entry line is a limitorder or this is the maximum, if you put in a position?

When a signal arrives, the closeprice of the signal bar is mostly far away from your entryline. Is there a bug or is this really a limit order?

Greetings from Germany

Thomas Bopp

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